this post was submitted on 02 Sep 2023
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[โ€“] colin@lemmy.uninsane.org 2 points 1 year ago* (last edited 1 year ago) (1 children)

i'm not pitching. if you need to launder money or evade sanctions, then use Bitcoin (with all the caveats). if not, then don't.

the amount of (well-deserved) hate against cryptocurrency interacts with Poe's law in a way that makes it difficult for someone who's not actively involved in that area (me) to track reality. like, i see this meme and think, "oh, is it finally, actually dead?" and then check and it's not. but other people don't check, and then every family reunion i have to deal with a dozen relatives asking "is (colin's misguided libertarian friend) ok? i heard crypto crashed." he's not ok -- he's a misguided libertarian -- but the premise of the questions are just false, and it's not hard to trace where they formed the beliefs that would have them ask it.

[โ€“] Psythik@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

Keep preaching.

I remember the days when everyone was excited over the price hitting $10K. Now here we are sitting at $25K, yet people are calling BTC a "Ponzi Scheme". Give me a fucking break.